• hard times

    THQ: "Fiscal Year 08 Was A Very Tough Year"

    Despite reporting modest revenue growth for its 13th consecutive year, THQ reported a net loss of $35.3 million for the fiscal year ending March 2008. The company's sales totaled $1030.5 million, relatively little change from last year's $1,026.9 sales.

    THQ president and CEO Brian Farrell said that most of its struggles were due to a crowded and competitive market for kids' games, as well as key franchises — Juiced, Stuntman and Conan that ultimately "were simply not competitive." More »

    3:40 PM on Tue May 6 2008
    By Leigh Alexander
    1,889 views, 28 comments

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